FxWirePro: AUD/NZD breaks triangle base, but holds 78.6% Fib support

• AUD/NZD has broken below triangle base at 1.04 on Wednesday's trade.
   
• The pair is currently holding 78.6% Fib at 1.0350, we see weakness on break below.
   
• Technical studies are biased lower, any reversal can be seen on close above 5-DMA at 1.0386.
   
• Call update: Our previous call (http://www.econotimes.com/FxWirePro-AUD-NZD-holds-strong-triangle-base-support-at-104-bias-remains-lower-466075) has achieved all targets.
   

Recommendation: Book full profits at lows. Wait for break below 78.6% Fibo to go short.

Support levels: 

S1 - 1.0350 (78.6% Fib)
S2 - 1.0310 (Sept 21 low)
S3 - 1.0297 ( 88.6% Fib)

Resistance levels:

R1 - 1.0386 (5-DMA)
R2 - 1.04 (Trendline)
R3 - 1.0431 (20-DMA)